Treasury begins paying for losses incurred by the Reserve Bank
The cost of the large-scale asset purchase programme will go up as interest rates rise.
Reserve Bank governor Adrian Orr.
Brent Edwards
Mon, 01 Aug 2022
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Treasury secretary Dr Caralee McLiesh has been given authority to spend $150-$200 million a month to pay for the losses the Reserve Bank is incurring on its large-scale asset purchasing programme.
Those payments will likely go up as New Zealand Debt Management begins to buy back government bonds
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Brent Edwards
Mon, 01 Aug 2022
Contact the Writer: brent@nbr.co.nz
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